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Dec 4, 2012
12/12
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i think that fiscal cliff is just a big red herring. your district has the shortest life span in the country for women. the infant mortalithighest infay rate in the country. we follow mississippi. i think that is where you are leading the country. if the people of the united states want to see where you and the republican party -- come and look at your district. guest: i would be delighted to have people come and look at my district and then it is 14,000 farms and ranches with two military installations. 5 colleges and universities. 11 indian tribes. the best college football team in america. it is a very special place. i would argue with your statistics. i just won reelection with 68% of the vote. having said all that, the idea that the paul ryan budget is about getting rid of social programs is ntot so. it is about saving them. these programs are going bankrupt. all are going to have to be reformed. if the president gets every tax increase he is asking for, let's just assume that he did, it would not come close to solving the budgetar
i think that fiscal cliff is just a big red herring. your district has the shortest life span in the country for women. the infant mortalithighest infay rate in the country. we follow mississippi. i think that is where you are leading the country. if the people of the united states want to see where you and the republican party -- come and look at your district. guest: i would be delighted to have people come and look at my district and then it is 14,000 farms and ranches with two military...
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Dec 6, 2012
12/12
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that seems unlikely to be changed as part of the fiscal cliff negotiations. you'll still see that surtax on top of that. host: this from twitter. guest: i leave that as it is. host: is that how much it could go up? guest: yes. host: currently it is 35%. go ahead, mark. caller: the previous caller mentioned capital gains -- the recent point about the medicare surcharge to pay for the affordable care act. if he thought it could be a solution to kill both of those birds with one stone. guest: i'm not a health-care expert. host: no problem. we have this from twitter. guest: i believe that is the case. tom in california, go ahead. caller: i have several issues with the estate tax. i am a farmer if it comes back to the normal 1 million exemptions. we work together to build this estate. it wasn't just my parents but it is in my parents' name. i have to pay tax to something i have contributed to. host: help people understand how farmers fall into this estate tax? how is it your estate is worth more than $1 million? caller: we have about 1,000 acres in sonoma county,
that seems unlikely to be changed as part of the fiscal cliff negotiations. you'll still see that surtax on top of that. host: this from twitter. guest: i leave that as it is. host: is that how much it could go up? guest: yes. host: currently it is 35%. go ahead, mark. caller: the previous caller mentioned capital gains -- the recent point about the medicare surcharge to pay for the affordable care act. if he thought it could be a solution to kill both of those birds with one stone. guest: i'm...
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Dec 7, 2012
12/12
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when you hear about the concern about the fiscal cliff, it is not the tax rates. i do not buy that. i do not think if -- we need to reduce -- increase the tax rate. >> if you go over in the tax rates go over, all of that goes away. >> we should not do it. we should resolve this. it depends on whether we then do something about it in the next month or two after it. we set ourselves on a path to do something with in 30, 60, or 90 days. people do not believe we will do it unless we do something. that is our reese. >> -- r were reese. >> as part of that second stage, does the top rate have to end at 39.6? are there ways democrats can accept something in between bush and clinton if it was coupled with a reduction in the ability of people to take certain deductions or credits? >> i do not want to second-guess what we may decide. to 39%. we should go that is not what we should be debating. i do not think it is instead of -- in addition to. having that debate now suggest that that is all we have to do. most people who know over a decade we need to do more about it if we are serious about de
when you hear about the concern about the fiscal cliff, it is not the tax rates. i do not buy that. i do not think if -- we need to reduce -- increase the tax rate. >> if you go over in the tax rates go over, all of that goes away. >> we should not do it. we should resolve this. it depends on whether we then do something about it in the next month or two after it. we set ourselves on a path to do something with in 30, 60, or 90 days. people do not believe we will do it unless we do...
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Dec 4, 2012
12/12
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the fiscal cliff and our long-term deficit challenges. we have yet to see even an acknowledgment from republican leaders of the fundamental fact that there is no deal. that -- is no deal that does not include rates going up on top earners. as the president said in the interview you cited and as he has said before, he doesn't hold that position because it's inherently good. he doesn't hold it because he wants to punish wealthy americans, he holds it because it is mathematically sound. it is an absolute fact that there is no way to achee the kind of balance in a broad deficit reduction package, a balance that requires significant revenues without rates going up on top earners. you cannot achieve it through closing of loopholes or capping of deductions and you certainly can be the achieve it through the kind of vague proposal we've seen from republicans which contain no specificity whatsoever, not -- not a single deduction named or loophole identified to be closed. so rates have to go up. the president believes, and it's part of the proposal
the fiscal cliff and our long-term deficit challenges. we have yet to see even an acknowledgment from republican leaders of the fundamental fact that there is no deal. that -- is no deal that does not include rates going up on top earners. as the president said in the interview you cited and as he has said before, he doesn't hold that position because it's inherently good. he doesn't hold it because he wants to punish wealthy americans, he holds it because it is mathematically sound. it is an...
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Nov 30, 2012
11/12
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fiscal cliff? guest: if we go off the cliff, the rate will go up to 39.6%. the low bracket will go away and the lowest tax bracket will be 15% if we go off the cliff. 15% to 39.6% if we go off the cliff. caller: what about the other rates? host: we have a question on twitter. guest: you don't pay taxes on losses. a you're making profits and picture up over $250,000, that could result in a tax increase that kicks you over $250,000. caller: we need jobs in this country. i hear all this money being talked. the average worker -- i am lucky i get 30 hours. they're cutting down to 20 hours at wal-mart. i had a good manager. i notice a woman comes in. she says we can get anybody to work. you talk about the tax credits. most of us have no chance of getting anything like that. this is too low republicans and democrats. fascism and communism, it was always party first. that's what our country has come to. we have to come together as true conservatives and true democrats and come together. guest: one of the b
fiscal cliff? guest: if we go off the cliff, the rate will go up to 39.6%. the low bracket will go away and the lowest tax bracket will be 15% if we go off the cliff. 15% to 39.6% if we go off the cliff. caller: what about the other rates? host: we have a question on twitter. guest: you don't pay taxes on losses. a you're making profits and picture up over $250,000, that could result in a tax increase that kicks you over $250,000. caller: we need jobs in this country. i hear all this money...
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Dec 5, 2012
12/12
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below that, governors say the fiscal cliff would hurt their states' economies. several governors met at the white house yesterday and with political leaders to say something needs to be done or their economies and on the state level will be heard. -- be hurt. let's go to walter in new jersey, independent caller. good morning. caller: good morning. i don't know what's wrong with these people, because they have to come to some kind of agreement. the gop has to give ground, taxes wouldybody's go up just to save 2%. it just does not cut it. it is a bad move politically and bad for the country. host: polloi in johnsonville, virginia. -- floyd. caller: i was thinking about the fiscal cliff. i don't think that's the problem at. the problem is when we fell off the moral cliff. our president said gay marriage was ok. and america killing so many babies. side,e get back on god's everything else will take care of itself. that's the way it is. a guy said it seemed like christians are down and out. let me tell you, christians are the happiest people there is, because we have
below that, governors say the fiscal cliff would hurt their states' economies. several governors met at the white house yesterday and with political leaders to say something needs to be done or their economies and on the state level will be heard. -- be hurt. let's go to walter in new jersey, independent caller. good morning. caller: good morning. i don't know what's wrong with these people, because they have to come to some kind of agreement. the gop has to give ground, taxes wouldybody's go...
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Dec 5, 2012
12/12
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they also spoke about the fiscal cliff today. the president said republicans might be willing to agree to higher tax rates on the wealthy in january. then the house speaker called on the obama administration to respond to the republicans' deficit reduction proposal that was released earlier this week. president obama is at 9:00 eastern and then speaker boehner. at the museum today, florida senator marco rubio sat down with michaelen of "politico." he answered questions about the fiscal cliff. republican outreach to hispanic voters and a potential campaign for president. this is 45 minutes. [applause] >> thank you very much. you had a late night. >> not really. >> is bob still here? what would you like to ask senator rubio? [laughter] >> are you still doing this? >> ask him a real question. this is a great chance. >> last night you talked about a new direction for the republican party. and one of the things that you talked about is education. and how to make higher education cheaper, how to reform pell grants. what will be the num
they also spoke about the fiscal cliff today. the president said republicans might be willing to agree to higher tax rates on the wealthy in january. then the house speaker called on the obama administration to respond to the republicans' deficit reduction proposal that was released earlier this week. president obama is at 9:00 eastern and then speaker boehner. at the museum today, florida senator marco rubio sat down with michaelen of "politico." he answered questions about the...
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Dec 7, 2012
12/12
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host: we have been focusing on different parts of the fiscal cliff discussion. today we're looking at tax extenders for businesses and individuals. joining us is sam goldfarb, a tax writer for cq roll call. what our tax extenders? guest: they are temporary tax breaks. some people are concerned the entire tax code is turning into a big tax extender. they are considered to be a small provision and targeted at specific types of businesses. host: why are they temporary? guest: a lot of people say they should be made permanent or they should be eliminated altogether. it is easier to pass when they are temporary. they keep on being extended and extended. host: we will look at some of these. these are some of the tax extenders and the cost of continuing the tax breaks through 2013. host: some of those are really specific. guest: that is the idea. they have become a case study in what some people think is wrong with the tax code. if there are loopholes that can be claimed to love god and their because of a lobbyist lobbied hard to get there, it is these tax breaks that
host: we have been focusing on different parts of the fiscal cliff discussion. today we're looking at tax extenders for businesses and individuals. joining us is sam goldfarb, a tax writer for cq roll call. what our tax extenders? guest: they are temporary tax breaks. some people are concerned the entire tax code is turning into a big tax extender. they are considered to be a small provision and targeted at specific types of businesses. host: why are they temporary? guest: a lot of people say...
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Nov 30, 2012
11/12
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cliff negotiations. first of all, we must include a robust extension of federal unemployment benefits for workers. mr. scott, has there ever been a time when the unemployment rate, 7.%, has ever been this high and on a bipartisan basis, on a bipartisan basis, this congress has not provided extended unemployment basis for workers? mr. scott: if the gentlelady would yield. the practice that we would -- it is generally the practice we would extend emergency unemployment compensation for longer than normal every time the rate gets high. and it's an smorge it's not offset that is the usual situation and the problem with this recession is a disproportionately high portion of the unemployeed are long-term unemployed. people that have been unemployed for a long time. they've been -- they're experiencing even insult to injury because a lot of employers are discriminating against people who do not have jobs. so if you apply and don't have a job, they won't consider your application. if you do have a job, they will
cliff negotiations. first of all, we must include a robust extension of federal unemployment benefits for workers. mr. scott, has there ever been a time when the unemployment rate, 7.%, has ever been this high and on a bipartisan basis, on a bipartisan basis, this congress has not provided extended unemployment basis for workers? mr. scott: if the gentlelady would yield. the practice that we would -- it is generally the practice we would extend emergency unemployment compensation for longer...